TAG: U.S. economy
Euro plunges, eyes parity with dollar after Lagarde’s go-it-alone pledge
The euro slumped to its lowest level this year on Friday, in a delayed reaction to European Central Bank President Christine Lagarde's signaling on Thursday that the bank is willing to cut interest rates before her U.S. counterparts. By Friday afternoon i...
6 months ago
Europe’s €10 trillion gamble
BRUSSELS ― Unlike Americans, Europeans don’t take risks. If they did, the €10 trillion they have languishing in their bank accounts ― that’s more than a third the size of the U.S. economy ― could be invested in the stock market instead. That would give co...
2 months ago
Global market rout may force central banks into early rate cuts
Traders are betting the U.S. will perform an emergency interest rate cut to support the economy amid a global stock market sell-off sparked by recession fears.The Japanese stock market dropped more than 12 percent on Monday, the biggest fall in history, a...
2 months ago
The killjoy’s guide to how the financial turmoil might screw up your life
BRUSSELS ― What if everything suddenly got really, really bad?What if, instead of getting respite after years of pandemic, war, terrorism and, most recently, global IT paralysis, it all just kept getting worse?Because in the past few days a wave of volati...
2 months ago
7 ways the US is beating Europe
BRUSSELS ― The United States and the European Union have faced similar challenges over the past couple of decades, with the financial crash and the Covid pandemic wreaking economic havoc, taking years to recover from.But of the two, it's America that has...
1 week ago